If you are on short term disability leave, are you safe from lay off? Or maternity leave?
VSP will increase H1B headcount
When you offer VSP it favors non H1B with more flexibility. If you thought Intel was an H1B shop before just wait until next year.
Amazon is selling Intel fake broken chips?
Root caused.
2 weeks and about 6 applications.
I’m about 99% sure I’m safe. But figured I’d test the waters. It took two weeks and 6-8 applications, and I have two second interviews already. If you think you’re going to get gone, start looking now before 7000 other people are competing for the... — read more
Do you think Intel can recover after losing another 18K workers?
Hard to believe.
I can Relate
I was laid off by HPE around seven years ago. It was the same dog and pony show that you guys are going thru with upper management. I really enjoyed working with all of the great folks at intel Austin over the years.
Next week when sh!t is going down, my manager decides to take a week long vacation
This is the quality of managers we have at Intel!
There should ISP only
No VSP. Years ago they gave me VSP and then when I did not take it did ISP. I could not believe what they did. Now years later, I'm still at the top of my game and earning much more. These fools did not know how to spot talent in my case. But I... — read more
Fire Kelleher
Fire the TMG managers for behind TSMC since Pat joined. By now they should have been neck and neck with TSMC. Start with firing Ann Kelleher and all the european bloat
Happy Friday
Just remember, the beatings will continue until moral improves.
Cut heads and stock will rise trick failed?
Are people smarter or clowns 🤡 are running out of tricks?
Headcount in 2025
What do you think the HC will be next year? My guess is a little more than this year at 138K. They probably have many hires in the work right now as they walk out people. I could never understand why.
How many Intel employees have actually started a job search?
Are you actively seeking external opportunities or are you just waiting to see if you make it through? No doubt that it is a tough time to be looking for a job. Today's jobs report is being seen by some as an early indicator of a recession starting. — read more
Pat please enjoy a large helping of humble pie this weekend.
All that sm--k talk is coming back home to roost mister fancy pants, smarter than everyone engineering boy.
BU impacted?
Anyone have inside knowledge of what BUs are impacted?
Good old days of propping the stock up by cuts are gone
Stock sank nearly 30% today, after layoffs and other cost-cutting measures were announced. This is probably a sign that we are beyond saving. Also a sign that it’s been recognized that leadership which pulled us down into a hole can not pull us out... — read more
Why blame H1B?
Please tell me why an American citizen would like to join Intel. Culture is toxic, people are way below average, compensation is sub-par, "leadership" is incapable etc. People who are Citizens and blessed to be American, have NVIDIA, Google, Meta... — read more
ISP separation package
Does anyone know if there is any ISP separation package? 2 months or 3 months or just get out of here with nothing ?
August 5th
Will employees be notified on 8/5 if they are selected for CPM? If so, what happens if they don’t apply?
Quality of Life
One of the CNBC guys compared this morning's disaster to an emergency surgery - "they (Intel) will live, but what sort of a life will they have..."
Indians on H1Bs are NOT to Blame!!
You know they're not the problem, right? If you're so angry about H1B's and job outsourcing, write your congressman and ask them to sponsor bills to limit how many H1B's or jobs US companies can use. It's not Indians who are the problem, it's the... — read more
What the Intel?
Per the San Francisco Chronicle, 15,000 positions or 15% of its roughly 100,000 employee global workforce will be cut.
How Many will be impacted in Oregon?
Does anyone know how many might be impacted at OR site?
What do Intel managers do after 15k employees are gone?
Who are they managing now?
Board of Directors. Make them famous
Repost this around the world.. Make them famous for running an empire into the ground. May they be mocked, laughed at and never work again. Patrick Gelsinger Patrick (Pat) Gelsinger is chief executive officer of Intel Corporation and serves on its... — read more
Pat drove Intel to the ground
Basically this is Pat’s legacy now. He hired 40k people during Covid, spent 50 billion on building new factories without securing any clients, took a company that was hugely profitable and full of cash into a company losing money and full of debt and... — read more
Intel selling off / outsourcing major bu’s
Looking at a split and selling and or outsourcing major corporate functions
Bloated Org- Don’t complain now
The org was bloated all along, now Pat recognizes the inefficiency, bureaucracy this bloat has created. Why are so many complaining now when he is attempting to correct the bloat Layoffs may not be happy news but is need for Intel to be competitive... — read more
That sick feeling
whatever expectation of a turnaround story anyone had on intel was dragged behind the barn and got sh-t in the head today. I feel sick, thinking not only about employees to be impacted but the families about to lose their livelihoods. The one's... — read more
Time For Walmart To Buy Intel
Walmart needs warehouses for its online business. Time to buy Intel's Fabs and make good use of the real estate.
Danger Zone
(Barrons) Intel Stock Is Slumping. It’s in the Dow Danger Zone. Source below... Intel already had the lowest weighting in the Dow Jones Industrial Average, which ranks its 30 components by price, before it reported earnings Thursday. The chip... — read more
Time to strike
As title says. Walk outs and protests
Get rid of the workers and keep executives who make these bad decisions
Intel has the wrong people leading the ship and I'm not just talking about ELT. This has been ongoing for over a decade, the same people who left during the round of layoffs 10 years ago are back not to mention the leadership at that time is still... — read more
Great Place To Work
Intel continues to be a sinking ship. Decades of intimidation & bullying involved to get ahead has backfired. It’s a horrible place to work, particularly for contract employees (who make up the majority). The perpetual self-preservation mentality by... — read more
Downward Spiral, no financial gymnastics can solve it…
https://www.marketwatch.com/story/intel-borders-on-existential-crisis-as-stock-could-see-worst-fall-in-50-years-a79b5c42
Stop calling yourself Leadership
Do they even know what Leadership means ????
Where the F*** are the board
Boards are meant to have the companies and shareholders back - how the he-l have they allowed ELT to take the company to an existential brink ? Absolute disgrace , they I’m assuming have been fed the same bull that’s been dropped to the markets and... — read more
Intel is overstaffed by more than 100,000 people
Needs 90% layoff. AMD + TSMC has only 100k employees with market cap of 900+ billion. Intel has 125k employees with cap of 100 billion.
INTC hits $20 today
The stock is in freefall, just how low can it go ??? There is no investor confidence left in INTC